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In 1929, the state legislature created the office of the Franchise Tax Commissioner to administer California's Bank and Corporation Franchise Tax Act. [1] In 1950, California abolished the office of the Franchise Tax Commissioner and created the Franchise Tax Board as it exists today. [1] The Executive Officers of the Franchise Tax Board have been:
The collection of almost all state sales taxes and special fees, prior to the formation of the Administration, was handled by the California State Board of Equalization, a constitutional body composed of constitutional offices; despite almost a century of attempts to reform the Board, owing to various corruption-related concerns, these efforts were not successful for most of its history. [3]
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
According to the California Franchise Tax Board (FTB) site, the state has already issued $7,508,156,450 billion in Middle Class Tax Refunds (MCTR) — 6,956,431 payments via direct deposit and ...
How and When MCTR Payments Will Be Made. First, Californians who received Golden State Stimulus (GSS) I or II are expected to receive MCTR direct deposit payments between Oct. 7, 2022, and Oct. 25 ...
The campaign for Measure H — Modesto’s 1% sales tax on the Nov. 8 ballot — already has raised $56,500 from 15 donors. ... Better Modesto, is for at least $1,000. The state requires ...
277609, 2411130. Website. www.modestogov.com. Modesto (/ məˈdɛstoʊ /, Spanish pronunciation: [moˈðesto]) is the county seat and largest city of Stanislaus County, California, United States. With a population of 218,069 according to 2022 U.S. Census Bureau estimates, [9] it is the 19th-most populous city in California.
The campaign for Modesto’s 1% sales tax on the Nov. 8 made its official debut Thursday in an event in the plaza at Tenth Street Place, the city-county government center in downtown.